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FMT
First Mercantile Trust Portfolio holdings
AUM
$755M
1-Year Est. Return
28.15%
This Fund
S&P 500
This Quarter
Est. Return
+7.34%
1 Year Est. Return
+28.15%
3 Year Est. Return
+51.22%
5 Year Est. Return
+128.6%
10 Year Est. Return
–
AUM
$750M
AUM Growth
-$52.5M
(-6.5%)
Cap. Flow
-$95.1M
Cap. Flow
% of AUM
-12.67%
Top 10 Holdings %
Top 10 Hldgs %
12%
Holding
968
New
104
Increased
128
Reduced
548
Closed
146
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Comcast
CMCSA
|
+$2.7M |
| 2 |
Vulcan Materials
VMC
|
+$2.31M |
| 3 |
Gen Digital
GEN
|
+$1.88M |
| 4 |
Fortive
FTV
|
+$1.29M |
| 5 |
BT
BT Group plc (ADR)
BT
|
+$1.23M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab US Aggregate Bond ETF
SCHZ
|
+$2.58M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$2.19M |
| 3 |
Gilead Sciences
GILD
|
+$1.74M |
| 4 |
Verizon
VZ
|
+$1.54M |
| 5 |
Vanguard Total International Bond ETF
BNDX
|
+$1.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.48% |
| 2 | Financials | 11.69% |
| 3 | Healthcare | 11.46% |
| 4 | Consumer Discretionary | 10.22% |
| 5 | Industrials | 10.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
876
Magnite
MGNI
$2.65B
| – | – |
-5,650
| Closed | -$77K |
|
877
MillerKnoll
MLKN
$1.5B
| – | – |
-2,300
| Closed | -$69K |
|
|
MODV
878
DELISTED
ModivCare
MODV
| – | – |
-1,250
| Closed | -$56K |
|
879
M&T Bank
MTB
$36.2B
| – | – |
-3,244
| Closed | -$384K |
|
880
NNN REIT
NNN
$9.39B
| – | – |
-9,504
| Closed | -$492K |
|
881
Insight Enterprises
NSIT
$3.55B
| – | – |
-3,400
| Closed | -$88K |
|
882
NETSCOUT
NTCT
$2.86B
| – | – |
-15,700
| Closed | -$349K |
|
883
Northern Trust
NTRS
$22.2B
| – | – |
-7,805
| Closed | -$517K |
|
884
Owens Corning
OC
$11.5B
| – | – |
-5,175
| Closed | -$267K |
|
885
Patrick Industries
PATK
$2.8B
| – | – |
-2,813
| Closed | -$75K |
|
886
Progressive
PGR
$124B
| – | – |
-9,311
| Closed | -$312K |
|
887
Polaris
PII
$4.15B
| – | – |
-4,930
| Closed | -$403K |
|
888
Prologis
PLD
$138B
| – | – |
-8,547
| Closed | -$419K |
|
889
Progress Software
PRGS
$1.55B
| – | – |
-11,100
| Closed | -$305K |
|
890
Regions Financial
RF
$26.3B
| – | – |
-38,000
| Closed | -$323K |
|
891
RLJ Lodging Trust
RLJ
$1.87B
| – | – |
-3,250
| Closed | -$70K |
|
892
Revvity
RVTY
$12.3B
| – | – |
-14,975
| Closed | -$785K |
|
893
Sanmina
SANM
$11.2B
| – | – |
-3,750
| Closed | -$101K |
|
894
Sabra Healthcare REIT
SBRA
$5.64B
| – | – |
-3,400
| Closed | -$70K |
|
895
Scansource
SCSC
$1.12B
| – | – |
-2,600
| Closed | -$96K |
|
896
ScottsMiracle-Gro
SMG
$4.03B
| – | – |
-4,085
| Closed | -$286K |
|
897
Synopsys
SNPS
$71.5B
| – | – |
-9,350
| Closed | -$506K |
|
898
Stagwell
STGW
$1.84B
| – | – |
-22,800
| Closed | -$417K |
|
899
Strategic Education
STRA
$1.71B
| – | – |
-1,800
| Closed | -$88K |
|
900
Starwood Property Trust
STWD
$6.12B
| – | – |
-2,140
| Closed | -$44K |
|
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First Mercantile Trust's Q3 2016 Portfolio in Review
As of Q3 2016, First Mercantile Trust held 968 positions worth $750M, down 6.5% from $803M the previous quarter. Its ten largest holdings account for 12% of the portfolio.
First Mercantile Trust withdrew a net $95.1M in Q3 2016, closing 146 positions and reducing 548 holdings. Its most notable exit was Extra Space Storage, an estimated $1.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.
Against the trend, First Mercantile Trust opened a new position in Gen Digital worth $2.08M.
- First Mercantile Trust's largest Q3 2016 buy was Gen Digital: 82,710 shares worth $2.08M.
- First Mercantile Trust added most to Comcast in Q3 2016, an estimated $2.7M increase.
- First Mercantile Trust's biggest Q3 2016 reduction was Schwab US Aggregate Bond ETF, cutting an estimated $2.58M.
- First Mercantile Trust fully exited Extra Space Storage in Q3 2016, selling an estimated $1.1M.
- First Mercantile Trust's ten largest holdings make up 12% of its $750M portfolio in Q3 2016.
- First Mercantile Trust opened 104 new positions and closed 146 in Q3 2016.
- First Mercantile Trust's portfolio value fell 6.5% quarter-over-quarter to $750M.
Based on First Mercantile Trust's 13F filing for Q3 2016, filed 7 Oct 2016.